Redpath Insights

Is My Overhead Burden Really That Important?

In today’s competitive construction environment, it is imperative that construction contractors are able to accurately estimate costs associated with a contract.  Without an understanding of what their overhead burden is, contractors are merely...

Real Estate Professional Rules Confirmed

The IRS in Chief Counsel Advice confirmed a position I have taken and for which I have advocated throughout the years.  Many professionals disagreed, but now it is clear. Generally, under Internal Revenue Code (IRC) section 469, real estate rental...